The USDCAD pair managed to break 1.2695 level and hold below it, reinforcing the expectations of extending the correctional bearish wave, which targets 1.2605 as a next station.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1.2695 and holding above it will provide initial positive motive to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.2600 support and 1.2720 resistance.
Origin: Economies
